Costs: How much is the Development Cost? Question 2 What is the Existing Operating Cost? Question 3 What is the Proposed Operating Cost? APPLICATION: Perform Cost Benefit Analysis. All computed values should be rounded to the nearest second decimal place. Problem: Cordillera Colleges just hired your services to computerize their manual assessment system. The school has been in existence for the past 10 years. As a requirement, the VP for Finance requires you to submit a comprehensive feasibility study. Due to the current devaluation of peso, the lending interest rate increased significantly. It was agreed upon that the existing office supplies would not be totally removed, instead, some to be reduced and used as a backup in cases the system fails. Upon studying and gathering all pertinent data as well as initial analysis on their existing system, the results were as follows